Tether Launches $200M Tokenized Gold Treasury to Drive Digital Asset Market Growth

Tether and Antalpha are joining forces to launch a new $200 million Digital Asset Treasury Company focused on tokenized gold assets. This move is driven by rising institutional demand for digital assets and reflects the growing trend towards tokenized gold products within the industry. 8.7 billion in gold reserves already held by Tether, with market cap of XAUt increasing to $1.46 billion, highlights the potential for this initiative. Tether’s strategy aims to enhance access to and liquidity of its existing gold offerings, while bolstering institutional participation in the booming digital asset space.